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DALLAS, Nov. 17 /PRNewswire-FirstCall/ -- Dominion Resources Black Warrior
Trust (NYSE: DOM) today announced a quarterly cash distribution to the holders
of its units of beneficial interest of $0.910488 per unit. The distribution
will be payable December 9, 2008 to unitholders of record on December 1, 2008,
according to the Trustee, U.S. Trust.
This distribution represents the quarterly royalty payment from HighMount
Black Warrior Basin, LLC ("HBWB") reflecting production from July 1, 2008 to
September 30, 2008. HBWB reported that production attributable to the Trust's
overriding royalty interests was approximately 748 million cubic feet ("MMcf")
during this period compared to 762 MMcf in the previous quarter. Prices for
this quarter to the trust averaged $10.36 per mcf compared to $11.02 per mcf
for the previous quarter.
The Trust owns overriding royalty interests burdening certain proved
developed coal seam gas properties owned by HBWB and located in the Black
Warrior Basin of Alabama. The Trust is a grantor trust originally formed by
Dominion Resources, Inc. In 2007, the underlying properties were acquired by
HBWB, an indirect subsidiary of Loews Corporation. The Trust is designed to
provide unitholders with quarterly cash distributions from its royalty
interests in certain coal seam gas properties. The units are listed on The
New York Stock Exchange under the symbol "DOM".
For more information on Dominion Resources Black Warrior Trust, including
current financial reports, please visit our website at
http://www.dom-dominionblackwarriortrust.com/.
SOURCE U.S. Trust
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